Friday, February 20, 2009

Unemployment in Williams Lake: Explained


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

If you don't understand what has created the economic crisis in North America, take a very few minutes and watch this video.  The visual explanation of the crisis is excellent.

At the point where housing prices plummet and the system begins to fall apart, make the mental connection across the American border to the economy in Williams Lake.  As all those houses begin to lose value and homeowners are evicted, who needs wood to build new ones?

Hat Tip: Daily Dish


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